April 1, 2022
Lion Adopts Internal Carbon Pricing
Lion Corporation has decided to adopt internal carbon pricing (ICP*) covering the domestic Group. Under this system, a price set by Lion will be used to calculate the hypothetical cost of carbon dioxide (CO2) emissions as a reference when making environmental investment decisions.
Lion has established LION Eco Challenge 2050, a set of long-term environmental objectives for 2050, and is working toward the development of both a sustainable society and its business. As part of its efforts to achieve a decarbonized society, Lion has set the target of achieving net zero emissions in its business activities by 2050.
Going forward, Lion will use ICP as a criterion for environmental investing decisions, accelerating investment that contributes to reducing CO2 emissions, such as investment in low-carbon facilities, energy saving and technological development aimed at realizing a decarbonized society. In this way, Lion aims to achieve its long-term environmental objectives.
* ICP: A mechanism by which organizations set an internal carbon price for use in calculating the monetary cost of CO2 emissions in order to incentivize emissions reductions and energy saving, change internal mindsets and guide decision making
■Scope: Capital expenditure and technological development investment that entails changes in CO2 emissions
■Method of application: The cost of CO2 emissions arising from plans for relevant capital expenditure and technological development investment will be calculated by applying the internal carbon price and used as a reference for making investment decisions
The Lion Group established the Vision2030 long-term strategic framework in February 2021, designating “Becoming an advanced daily healthcare company” as its management vision. We have further designated “initiatives to address the sustainability material issues” as a management strategy aimed at the achievement of the management vision. We will contribute to the realization of a decarbonized, resource-circulating society by generating innovation that helps reduce the environmental burden from consumers and across supply chains and by creating new value.
The Lion Group’s LION Eco Challenge 2050 Long-Term Environmental Objectives
Lion’s Sustainability Website: https://www.lion.co.jp/en/sustainability/